Early pensions will be cut due to sustainability factor. The minimum renovation age will still reach a new record of 66 years and nine months.
Pensioners who choose to be anticipated will face a 16.9% cut Due to the sustainability factor, according to data confirmed this Friday by the National Institute of Statistics (INE). This amount confirms the advanced forecasts in November and follows the progressive increase in the age of the reform, which in 2026 will reach the 66 years and nine months record.
The sustainability factor, which penalizes early reforms, applies to those who retire without having 40 years of contributions at 60, and covers pensions for long-term unemployment. Only long contributory careers are exempt from this penalty, explains the.
Currently, the age of the reform is fixed in 66 years and seven months to 2024, but will rise two months in 2026following the recovery of average life expectancy in Portugal, after the drop registered during the pandemic. The INE explains that the average life expectancy at the age of 65, used in the calculation of the age of the reform, increased in Triénio 2022-2024, setting in 20.02 years for the total population. For men, it is 18.30 years and for women, 21.35 years.
Compared to the previous triennium, there was a 0.27 years increase (about three months) for the population as a whole, plus 0.30 years (3.6 months) for men and 0.24 years (2.9 months) for women. These increases reflect demographic recovery after the impact of COVID-19, which had reduced life expectancy.
Life expectancy at birth also recorded a slight recovery. The inherence estimates that rose to 81.17 yearswhich represents an increase of 0.21 years (about two and a half months) compared to the previous triennium. However, it remains below the levels registered before the pandemic in 2018-2020, when it was 81.22 years. The institute stresses that this difference is mainly due to increased deaths during the pandemic.
